MatrixCare Appoints New Executive for Life Plan Community Solutions MatrixCare, a long-term and post-acute care technology provider, appointed Gary Pederson as senior vice president of life plan community solutions. In his new role, Pederson serves as a member of MatrixCare’s executive team and takes full responsibility for the company’s life plan community solitions business unit, […]
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Dining is big business in senior living. But could your organization be doing even more with dining operations? Do you offer catering services in addition to your day-to-day menu offerings? Have you implemented root-to-stalk cooking techniques to reduce food costs? This report includes 35 pages of original research and photos that provide forward-thinking approaches to help providers […]
Genworth To Be Acquired for $2.7 Billion Genworth Financial (NYSE: GNW) has entered into an agreement to be acquired by a China-based investment company, China Oceanwide Holdings Group Co., for $2.7 billion. China Oceanwide has agreed to buy Genworth for $5.43 per share in cash. Genworth is a Fortune 500 company and a major provider […]
A major name in U.S. banking has now joined the ranks of senior housing lenders through a recently announced acquisition. SunTrust Banks, Inc. (NYSE: STI) announced Thursday it has entered into a definitive agreement to acquire substantially all of the assets of the operating subsidiaries of Pillar Financial, LLC, a direct lender for health care and […]
Senior housing heavyweight Daniel Baty plans to make even bigger waves in the Chinese senior care market—with the help of $250 million in new financing. Baty, co-founder and former chairman of Emeritus Corp. until its merger with Brookdale Senior Living (NYSE: BKD) in 2014, also served as the chairman of Holiday Retirement Corp. from 1987 to 2007. […]
The senior living industry seems to be in a constant state of combating stereotypes. There’s no question that senior housing has advanced in leaps and bounds from the days of more institutional settings, and that people are becoming more aware of these changes. Even so, there are still certain negative connotations that go along with […]
Wearables and remote monitoring technology offer many clear benefits for seniors, their families and the communities and home health organizations that support their care. But there are many valid concerns to overcome: what if my seniors won’t wear a wearable? How do I keep their data secure? What kind of Wi-Fi is needed to support […]
Those worried that independent living might be facing a problem in the form of many vacant units can breathe a sigh of relief, at least for the moment. During the third quarter of 2016, the absorption rate for independent living hit a historic high, according to the latest quarterly report from the National Investment Center […]
Real estate investment trust (REIT) National Health Investors (NYSE: NHI) has completed its previously announced conversion of a senior housing portfolio from a RIDEA structure to a triple net lease with its joint venture partner, an affiliate of Bickford Senior Living. The conversion comes at a time when senior housing REITs have reached all-time highs […]
Consulate Health Care Names New CEO, COO Consulate Health Care, a post-acute health care services provider, announced the promotion of Chris Bryson to CEO. Bryson previously served as COO under the leadership of Bill Mathies. He joined Consulate in the fall of 2015 with the goal of repositioning Consulate within the industry and its local […]
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